H
Seller's Agent in 2024
H.E.S. Homes
Berkshire Hathaway HomeServices
811 Mahlon St Lansing, MI 48906
Northtown Neighborhood
3
Beds
1
Bath
1,104
Sq Ft
4,182
Sq Ft Lot
Highlights
- Open Floorplan
- Main Floor Primary Bedroom
- Covered Patio or Porch
- Wood Flooring
- Neighborhood Views
- 3-minute walk to Marshall Park
About This Home
As of December 2024***New updates and improved price!!! Amazing investment opportunity! This adorable 3-bedroom 1 bathroom Bungalow, located in the popular Eastside neighborhood is close to MSU, LCC, Frandor shopping center, the bus route and downtown Lansing, making it an ideal rental unit! The current rental license is active and good through June of 2026. The roof was replaced in 2023 and a new stove/range in 2022. The property will be vacant in early October, but maintained the same renters for 12 years prior. Estimated potential rental income is approximately $1,100 per month. With endless potential, this would also make a wonderful starter home!
Last Agent to Sell the Property
H.E.S. Homes
Berkshire Hathaway HomeServices Listed on: 09/03/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 1924
Lot Details
- 4,182 Sq Ft Lot
- Lot Dimensions are 38x110.6
- Back Yard Fenced
Parking
- Shared Driveway
Home Design
- Bungalow
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,104 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Ceiling Fan
- Living Room
- Dining Room
- Storage
- Neighborhood Views
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Kitchen
- Oven
- Range
- Laminate Countertops
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Washer and Gas Dryer Hookup
Outdoor Features
- Covered Patio or Porch
- Shed
Location
- City Lot
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- 100 Amp Service
- Natural Gas Connected
- Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- Taylor Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 3, 2024
Closed on
Dec 23, 2024
Sold by
Banghart-Linn Linus R
Bought by
Lansing-Tgh Llc
Seller's Agent
H.E.S. Homes
Berkshire Hathaway HomeServices
Buyer's Agent
Marissa Lott
Home Towne Real Estate
List Price
$88,500
Sold Price
$62,700
Premium/Discount to List
-$25,800
-29.15%
Views
124
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,831
Avg. Annual Appreciation
13.99%
Original Mortgage
$81,430
Outstanding Balance
$20,881
Interest Rate
6.84%
Mortgage Type
Construction
Estimated Equity
$48,650
Purchase Details
Closed on
Jun 29, 2004
Sold by
Maidlow Fredrick P
Bought by
Banghart Linn Linus R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,357
Interest Rate
6.39%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 29, 2001
Sold by
Jones Debra Ann
Bought by
Salomon Brothers Realty Corp
Purchase Details
Closed on
Jul 1, 1994
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $62,700 | Red Cedar Title | |
| Warranty Deed | $62,700 | Red Cedar Title | |
| Warranty Deed | $82,000 | Midstate | |
| Sheriffs Deed | $47,189 | -- | |
| Warranty Deed | $29,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $81,430 | Construction | |
| Closed | $81,430 | Construction | |
| Previous Owner | $81,357 | FHA | |
| Closed | $3,574 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2024 12/23/24 | Sold | $62,700 | -15.3% | $57 / Sq Ft |
| 12/09/2024 12/09/24 | Pending | -- | -- | -- |
| 11/27/2024 11/27/24 | Price Changed | $74,000 | -7.4% | $67 / Sq Ft |
| 11/11/2024 11/11/24 | Price Changed | $79,900 | -6.0% | $72 / Sq Ft |
| 10/21/2024 10/21/24 | Price Changed | $85,000 | -4.0% | $77 / Sq Ft |
| 09/03/2024 09/03/24 | For Sale | $88,500 | -- | $80 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,067 | $43,300 | $4,500 | $38,800 |
| 2024 | $17 | $37,800 | $4,500 | $33,300 |
| 2023 | $1,947 | $32,500 | $4,500 | $28,000 |
| 2022 | $1,780 | $30,600 | $3,100 | $27,500 |
| 2021 | $1,739 | $27,600 | $4,000 | $23,600 |
| 2020 | $1,727 | $26,500 | $4,000 | $22,500 |
| 2019 | $1,666 | $25,100 | $4,000 | $21,100 |
| 2018 | $1,582 | $23,300 | $4,000 | $19,300 |
| 2017 | $1,522 | $23,300 | $4,000 | $19,300 |
| 2016 | $1,483 | $19,900 | $4,000 | $15,900 |
| 2015 | $1,483 | $19,300 | $8,002 | $11,298 |
| 2014 | $1,483 | $19,300 | $8,002 | $11,298 |
Source: Public Records
Agents Affiliated with this Home
-
-
Marissa Lott
Buyer's Agent in 2024
Marissa Lott
Home Towne Real Estate
(517) 643-0725
5 in this area
130 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 283270
APN: 01-01-10-477-111
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lansing Association of REALTORS®
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